INSUBCONTINENT EXCLUSIVE:
Mumbai: Hindustan Unilever (HUL) posted an in-line 12 per cent year-on-year rise in standalone net profit, but warned demand outlook and
for the December quarter compared with Rs 1,444 crore in the same quarter last year
outlook and market growth continue to be challenging
In this environment, we will continue to invest in our brands and offer superior value to our consumers
environment, mainly reflecting a sharp slowdown in rural and discretionary spends
In this tough environment, HUL has delivered a resilient performance which is reflective of the strength of our brands, consistency in
2,445 crores was up by 19 per cent (14 per cent on a comparable basis after adjusting for accounting impact of Ind AS 116
was at 4 per cent with underlying volume growth at 5 per cent
Reported Ebitda improvement was 335 basis points (bps) (210 bps on a comparable basis after adjusting for accounting impact of Ind AS 116 on
leases).
Home care shines: Home care category continued its trajectory of good performance with double-digit topline growth
During this quarter, the company launched Comfort Perfume Deluxe in select geographies
Household care saw good growth on the back of market development
Upgradation to liquid dishwash in urban areas continues to build momentum.
Lacklustre beauty - personal care: Beauty and personal care was
impacted by a higher-than-expected slowdown in market growth and delayed winter, while hair and color cosmetics performed well
In personal wash, negative market growth coupled with the pricing actions to pass on benefits of lower commodity impacted topline delivery
Skin care performance was impacted by delayed winter while the company saw good growth in the non-winter part of the portfolio
Hair care registered healthy performance across the portfolio
Oral care delivered a steady quarter driven by Close Up.
Robust quarter for foods - refreshment: Foods - Refreshment delivered robust growth
Beverages saw broad-based growth in the quarter
Ice cream and frozen desserts sustained focus on distribution expansion and building the innovation pipeline ahead of season.